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UNFINISHED FLATS
Forget fake invoices. The real risk is the assumptions made in the balance sheet to hide lossesMost accounting risks make noise. The biggest one on the Indian balance sheet doesn't. It hides inside growth assumptions, discount rates, ...- IPL 2026: From Rohit vs Kohli round 2 to playoff race, 5 reasons why 'revenge week' will thrillPunjab Kings, Royal Challengers Bengaluru and Rajasthan Royals continue to hold the top three spots, while teams in the second half of the ...
- Builder fraud: Bombay HC denies society membership to homebuyer who was sold refuge area as residential flatsWhen Mr Sewadsha from Ghatkopar East purchased five apartments in a housing project in Bhandup he had no idea that the builder had cheated ...
- DDA luxury flats scheme turns nightmare for buyers: Allottes complain about shocking construction quality, delayed possessionAllotees of DDA's luxury flat in Dwarka, Sector 19-B have raised concerns about construction quality issues such as uneven construction, ru...
- Ray of hope for 20,000 homebuyers as work begins in Jaypee Infra's 'ghost town' in NoidaFor nearly 20,000 Jaypee Infratech Limited (JIL) homebuyers, who have been waiting for the hand over of their flats for more than 13 years,...
- 10,000 bogus homebuyers to lose Amrapali flatsA bench of Justices U U Lalit and Ajay Rastogi allowed the plea of the court-appointed receiver to treat those unclaimed flats as unsold in...
- No homes for 5,00,000 homebuyers. What should be done? Jaypee/Suraksha deal brings focus back on lakhs of unfinished flatsTill recently, real estate was largely unregulated, allowing builders to launch projects without any scrutiny. Land purchase wasn’t finance...
- LIC Housing Finance refers 15 stuck infra projects to AIFIn November last year, the government announced the setting up of a Rs 25,000-crore AIF to provide relief to developers to complete unfinis...
- Tax queries: No GST on sale of unfinished flat to another home buyerDilip Lakhani, Senior Chartered Accountant, answers queries from our readers on income tax and other levies.
- No GST on sale of unfinished flat to another buyerLiquid and debt based funds are taxed at the slab rate if redeemed within 3 years. How would I pay STCG?
- NBCC to deliver flats in two Amrapali projects in JanuaryNBCC also floated tender for completion of work in seven other stuck Amrapali projects, which officials said would bring relief to at least...
- Lotus home buyers: No transparency, remove insolvency professionalsThough the NCLT will take a final call on the matter on November 25, the removal of the interim resolution professional (IRP) and the autho...
- UCO Bank starts website for Amrapali home buyers to deposit pending duesTo be able to pay their dues, the buyers would have to fill in details like project name, flat or unit number, registration or application ...
- Funds can be raised for Amrapali flats: SC-appointed forensic auditorsIn a summary of their report, auditors Pawan Kumar Aggarwal and Ravi Bhatia said Rs 11,524 crore could be recovered under various heads.
- Homeowners in India roll up sleeves to complete unfinished flatsHomeowners in India are forced to dedicate untold hours to complete the flats they spent years saving up for.
- NBCC gets SC’s green signal to complete Amrapali’s 2 Noida projectsA bench of Justices Arun Mishra and U U Lalit asked NBCC to complete two projects— Castle and Eden Park— which were chosen by the company.
- States which diluted RERA provisions will need to mend rules following HC rulingThe HC has also made it clear that the regulator will have the right to register or not to register a project, if the fresh time-line to co...
- Flat or refund, your pick: Supreme Court to Unitech buyersThe Supreme Court has assured Unitech home buyers that it will ensure relief according to their choice — getting the money back or allotmen...
- Don’t ask buyers to pay before July 1, builders warnedVenkaiah Naidu has asked all chief ministers and builders' associations to ensure developers don't charge higher taxes from homebuyers afte...
- Life savings and hopes of many in Chennai go down with this buildingMan commission hinted that the incident brought out a nexus between the real estate and construction business which was functioning only in...
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